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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 31, 2025
STANDARD MOTOR PRODUCTS, INC.
(Exact Name of Registrant as Specified in its Charter)
New York
001-04743
11-1362020
(State or Other
Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employee
Identification Number)
37-18 Northern Boulevard, Long Island City, New York 11101
(Address of Principal Executive Offices, including Zip Code)
Registrant’s Telephone Number, including Area Code: 718-392-0200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $2.00 per share SMP New York Stock Exchange LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o On October 31, 2025, Standard Motor Products, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2025. A copy of such press release is furnished as Exhibit 99.1 hereto.


Item 2.02. Results of Operations and Financial Condition.

Such press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
99.1 Press release dated October 31, 2025 announcing Standard Motor Products, Inc.’s financial results for the three and nine months ended September 30, 2025.
104 Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STANDARD MOTOR PRODUCTS, INC.
By: /s/ Nathan R. Iles
Nathan R. Iles
Chief Financial Officer
Date: October 31, 2025
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Exhibit Index
Exhibit No. Description
Press release dated October 31, 2025 announcing Standard Motor Products, Inc.’s financial results for the three and nine months ended September 30, 2025.
104 Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.
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EX-99.1 2 a991pressrelease-93025.htm EX-99.1 Document


Exhibit 99.1
logo021a.jpg
For Immediate Release
For more information, contact:
Anthony (Tony) Cristello
Standard Motor Products, Inc.
(972) 316-8107
investors@smpcorp.com

Standard Motor Products, Inc. Releases
Third Quarter 2025 Results and Quarterly Dividend
•Third quarter net sales of $498.8 million up 24.9%, and up 3.8% excluding Nissens
•Adjusted Q3 and year-to-date non-GAAP diluted earnings per share of $1.36 and $3.45 increased 6.3% and 27.8% from last year, respectively

•Raising full-year sales guidance to low-to-mid 20’s percent growth range, including Nissens, and tightening adjusted EBITDA margin outlook to 10.5% - 11% reflecting strong year-to-date results

New York, NY, October 31, 2025......Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and nine months ended September 30, 2025.

Net sales for the third quarter of 2025 were $498.8 million, compared to consolidated net sales of $399.3 million during the same quarter in 2024. Earnings from continuing operations for the third quarter of 2025 were $29.8 million or $1.32 per diluted share, compared to earnings of $26.6 million or $1.20 per diluted share in the third quarter of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the third quarter of 2025 were $30.6 million or $1.36 per diluted share, compared to $28.3 million or $1.28 per diluted share in the third quarter of 2024.
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Consolidated net sales for the nine months ended September 30, 2025, were $1.41 billion, compared to consolidated net sales of $1.12 billion during the comparable period in 2024. Earnings from continuing operations for the nine months ended September 30, 2025, were $69.8 million or $3.11 per diluted share, compared to $54.4 million or $2.45 per diluted share in the comparable period of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the nine months ended September 30, 2025 and 2024 were $77.5 million or $3.45 per diluted share and $59.9 million or $2.70 per diluted share, respectively.

Mr. Eric Sills, Standard Motor Products’ Chairman and Chief Executive Officer stated, “We are very pleased with our solid third quarter results, especially following our record quarter last year. Sales for the quarter increased nearly 25%, or 3.8% excluding the impact of Nissens Automotive (Nissens). This reflects an ongoing trend, as year-to-date we are up 25.5%, or 4.0% excluding Nissens. Additionally, adjusted non-GAAP diluted earnings per share grew 6.3% for the quarter and 27.8% for the year.”
Third Quarter Highlights:
North American Aftermarket Segments
•Vehicle Control sales were down 1.6% in the third quarter, against a difficult comparison, and impacted by softness in the wire category which is in secular decline. Customer POS was positive in the quarter, a continuation of the strong sell-through trend we have seen all year, underscoring the non-discretionary nature of our products. Year-to-date, we are up 2.9% in the segment.

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•Temperature Control sales increased 14.8%, a continuation of the strong sales pattern experienced throughout the year. We believe our customers were able to expand share, aided by this year’s early pre-season orders which positioned them well for the start of the selling season. Year-to-date, the segment is up 13.3%, building on last year’s 9.9% growth for the same period last year.

Nissens
Our newest segment, Nissens, posted another solid quarter as it contributed sales of $84.5 million, with an adjusted EBITDA margin of 16.8%, in line with our full-year expectations of mid-teens. Nissens continues to outperform in its markets, executing on its value proposition and gaining share, and is enjoying the benefits of some favorable currency translation.

Nearing our first full year of ownership, we are ahead of plan and very pleased with our synergy and integration efforts to date and have begun planning our next wave of initiatives, including capitalizing on each other’s strengths to launch new product categories.

Engineered Solutions
Sales in the Engineered Solutions segment were essentially flat in the quarter, reflecting a leveling off in certain end markets. While it is difficult to predict when a general end-market rebound may occur, we believe demand has stabilized, and along with easier comparisons moving forward, we expect more steady performance for the segment.

Profitability & Balance Sheet
Adjusted EBITDA for the quarter increased to $61.7 million, up from $48.7 million last year, driven by strong performance in our Temperature Control segment, as well as the $14.2 million contributed from Nissens, partially offset by the impact of lower sales volume in the Vehicle Control segment. On a year-to-date basis, adjusted EBITDA increased to $163.6 million up from $111.1 million in the same period last year, again driven by strong performance in our Temperature Control segment, as well as the $42.0 million contributed from Nissens that resulted in an adjusted EBITDA margin improvement of 170 basis points to 11.6%.
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From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $502.3 million, primarily reflecting additional borrowings related to our Nissens acquisition and seasonal working capital build. Our debt leverage declined from 3.2x to 2.6x in the quarter on the strength of our results, and we continue to target reducing debt levels to 2.0x adjusted EBITDA by the end of 2026.

Tariff Impact & Mitigation
On tariffs, we believe our diverse global footprint provides us with a competitive advantage. Over half of our U.S. sales are from North American-made, USMCA-compliant products, which are largely tariff-free. For products sourced from other regions, we are implementing our mitigation plan as previously described, which includes cost containment through cost-sharing with our suppliers, re-sourcing to lower-tariffed countries, and from pass-through pricing to our customers. Beginning in the third quarter of 2025, our ongoing tariff costs were generally offset with pricing, and we expect this offset to continue going forward. We are hopeful that we are nearing a more stabilized environment. We continue to monitor the shifting tariff landscape and plan to implement any changes as necessary.

Updated 2025 Guidance
We are raising our full year sales growth guidance to the low-to-mid 20’s percent range (from the low 20’s percent range) and are tightening our adjusted EBITDA margin outlook to 10.5% - 11% (from a prior range of 10% - 11%). As a reminder, we acquired Nissens on November 1, 2024, and as such the sales growth guidance includes a partial quarter of ownership in the comparable sales. Also note that our revised guidance now includes the impact of tariffs as they stand as of the end of the third quarter and includes both pricing and other mitigating actions to offset higher costs.
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While passing through tariff pricing at our cost creates margin rate compression, we’re pleased to see sales growth and other initiatives offset this headwind and allow us to raise our EBITDA guidance.
Dividends
The Board of Directors has approved payment of a quarterly dividend of 31 cents per share on the common stock outstanding, which will be paid on December 1, 2025, to stockholders of record on November 14, 2025.

Closing Remarks
In closing, Mr. Sills commented, “This has been a strong year for SMP despite volatility related to tariffs, geopolitical issues and an uncertain macroeconomic environment. Demand for our North American aftermarket products remains solid as our customers continue to partner with us to service the aging fleet on the road today. We are investing in our business model to expand our position globally, capitalizing on complementary strengths with Nissens to expand on both sides of the ocean. We will continue to find ways to grow, improve profitability and deliver increased shareholder value, and as such are optimistic about our future. I would like to thank our employees for their hard work and commitment to our continued success.”

Conference Call
Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Friday, October 31, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q3'25 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-579-2543 (domestic) or 785-424-1789 (international). The conference call ID code is SMP3Q2025. Our playback will be made available for dial in immediately following the call. For those choosing to listen to the replay by webcast, the link should be active on our website within 24 hours after the call.
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The playback number is 800-934-8340 (domestic) or 402-220-6993 (international).

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management’s expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company’s filings with the Securities and Exchange Commission, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q. By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.


6

Standard Motor Products, Inc.
Consolidated Statements of Operations

 Three Months Ended
September 30,		 Nine Months Ended
September 30,
(In thousands, except share and per share data, unaudited) 2025 2024 2025 2024
Net sales
 $ 498,836  $ 399,265  $ 1,406,068  $ 1,120,497 
Cost of sales
 337,042  277,899  968,663  798,162 
Gross profit
 161,794  121,366  437,405  322,335 
Selling, general and administrative expenses
 113,388  81,204  320,753  239,822 
Restructuring expenses
782  3,023  2,037  5,774 
Other income, net
 12  —  319  5 
Operating income
 47,636  37,139  114,934  76,744 
Other non-operating income, net
 1,734  2,129  5,857  5,147 
Interest expense
 7,394  3,145  23,450  7,964 
Earnings from continuing operations before income taxes
 41,976  36,123  97,341  73,927 
Provision for income taxes
 11,977  9,267  26,867  18,718 
Earnings from continuing operations
 29,999  26,856  70,474  55,209 
Loss from discontinued operations, net of income taxes
 (34,172) (22,771) (36,369) (24,727)
Net earnings (loss)
 (4,173) 4,085  34,105  30,482 
Net earnings attributable to noncontrolling interest
 162  275  632  785 
Net earnings (loss) attributable to SMP $ (4,335) $ 3,810  $ 33,473  $ 29,697 

Net earnings (loss) attributable to SMP
Continuing operations $ 29,837  $ 26,581  $ 69,842  $ 54,424 
Discontinued operations (34,172) (22,771) (36,369) (24,727)
Net earnings (loss) attributable to SMP $ (4,335) $ 3,810  $ 33,473  $ 29,697 

Per common share data
Basic:
Continuing operations $ 1.36  $ 1.22  $ 3.18  $ 2.50 
Discontinued operations (1.56) (1.04) (1.66) (1.14)
Net earnings (loss) attributable to SMP per common share $ (0.20) $ 0.18  $ 1.52  $ 1.36 

Diluted:
Continuing operations $ 1.32  $ 1.20  $ 3.11  $ 2.45 
Discontinued operations (1.51) (1.03) (1.62) (1.11)
Net earnings (loss) attributable to SMP per common share $ (0.19) $ 0.17  $ 1.49  $ 1.34 

Dividend declared per common share $ 0.31  $ 0.29  $ 0.93  $ 0.87 

Weighted average number of common shares, basic 21,991,194 21,716,083 21,954,548 21,802,164
Weighted average number of common shares, diluted 22,571,304 22,154,222 22,439,082 22,225,444
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Standard Motor Products, Inc.
Segment Revenues
Three Months Ended
September 30,		 Nine Months Ended
September 30,
(in thousands, unaudited) 2025 2024 2025 2024
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery) $ 121,420  $ 121,432  $ 368,019  $ 353,046 
Electrical and Safety 63,192  63,237  178,339 

172,772 
Wire Sets and Other 13,070  16,208  45,365 

49,324 
Total Vehicle Control 197,682  200,877  591,723  575,142 

Temperature Control

AC System Components 114,033  95,698  286,001  245,628 
Other Thermal Components 30,624  30,287  78,904  76,446 
Total Temperature Control 144,657  125,985  364,905  322,074 

Nissens Automotive
Air Conditioning 36,409  —  104,016  — 
Engine Cooling 32,168  —  95,023  — 
Engine Efficiency 15,960  —  42,217  — 
Total Nissens Automotive 84,537  —  241,256  — 
Engineered Solutions

Light Vehicle 21,977  24,287 

65,161 

70,776 
Commercial Vehicle 21,111  22,625 

61,552 

69,016 
Construction/Agriculture 8,863  8,082 

27,855 

27,631 
All Other 20,247  17,409  53,854  55,858 
Total Engineered Solutions 72,198  72,403 

208,422 

223,281 
Other (238) —  (238)

— 
Total
 $ 498,836  $ 399,265 

$ 1,406,068 

$ 1,120,497 

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.
Standard Motor Products, Inc.
Segment Operating Profit
Three Months Ended
September 30,		 Nine Months Ended
September 30,
(in thousands, unaudited; percentage of net sales) 2025 2024 2025 2024
Gross Margin
Vehicle Control $ 62,166  31.4  % $ 65,652  32.7  % $ 184,975  31.3  % $ 184,520  32.1  %
Temperature Control 51,946  35.9  % 42,323  33.6  % 121,907  33.4  % 98,621  30.6  %
Nissens Automotive 34,827  41.2  % —  —  % 99,480  41.2  % —  —  %
Engineered Solutions 12,855 17.8  % 13,391  18.5  % 37,253 17.9  % 39,194  17.6  %
All Other —  —  —  — 
        Subtotal $ 161,794  32.4  % $ 121,366  30.4  % $ 443,615  31.6  % $ 322,335  28.8  %
Acquisition Expenses —  —  % —  —  % (6,210) -0.4  % —  —  %
        Gross Margin $ 161,794  32.4  % $ 121,366  30.4  % $ 437,405  31.1  % $ 322,335  28.8  %
Selling, General & Administrative
Vehicle Control $ 46,277  23.4  % $ 43,021  21.4  % $ 133,676  22.6  % $ 130,123  22.6  %
Temperature Control 25,196  17.4  % 25,876  20.5  % 67,859  18.6  % 66,641  20.7  %
Nissens Automotive 24,018  28.4  % —  —  % 68,257  28.3  % —  —  %
Engineered Solutions 8,754  12.1  % 8,124  11.2  % 25,986  12.5  % 25,491  11.4  %
All Other 8,844  5,190  22,839  16,163 
        Subtotal $ 113,089  22.7  % $ 82,211  20.6  % $ 318,617  22.7  % $ 238,418  21.3  %
Acquisition Expenses 299  0.1  % (1,007) -0.3  % 2,136  0.2  % 1,404  0.1  %
        Selling, General & Administrative $ 113,388  22.7  % $ 81,204  20.3  % $ 320,753  22.8  % $ 239,822  21.4  %
Operating Income
Vehicle Control $ 15,889  8.0  % $ 22,631  11.3  % $ 51,299  8.7  % $ 54,397  9.5  %
Temperature Control 26,750  18.5  % 16,447  13.1  % 54,048  14.8  % 31,980  9.9  %
Nissens Automotive 10,809  12.8  % —  —  % 31,223  12.9  % —  —  %
Engineered Solutions 4,101 5.7  % 5,267  7.3  % 11,267 5.4  % 13,703  6.1  %
All Other (8,844) (5,190) (22,839) (16,163)
        Subtotal $ 48,705  9.8  % $ 39,155  9.8  % $ 124,998  8.9  % $ 83,917  7.5  %
Restructuring (782) -0.2  % (3,023) -0.8  % (2,037) -0.1  % (5,774) -0.5  %
Acquisition & Integration Expenses (299) -0.1  % 1,007  0.3  % (8,346) -0.6  % (1,404) -0.1  %
Other Income, Net 12  —  % —  —  % 319  —  % 5  —  %
        Operating Income $ 47,636  9.5  % $ 37,139  9.3  % $ 114,934  8.2  % $ 76,744  6.8  %
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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
(In thousands, except per share amounts, unaudited) Three Months Ended Nine Months Ended
September 30, September 30,
2025 2024 2025 2024
Earnings from Continuing Operations Attributable To SMP
GAAP Earnings from Continuing Operations $ 29,837  $ 26,581  $ 69,842  $ 54,424 
Restructuring Expenses 782  3,023  2,037  5,774 
Acquisition & Integration Expenses 299  (207) 8,346  2,204 
Certain Tax Credits And Production Deductions Finalized In Period —  (380) —  (380)
Income Tax Effect Related To Reconciling Items (281) (732) (2,700) (2,074)
Non-GAAP Earnings from Continuing Operations $ 30,637  $ 28,285  $ 77,525  $ 59,948 
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
GAAP Diluted Earnings Per Share from Continuing Operations $ 1.32  $ 1.20  $ 3.11  $ 2.45 
Restructuring Expenses 0.04  0.14  0.09  0.26 
Acquisition & Integration Expenses 0.01  (0.01) 0.37  0.10 
Certain Tax Credits And Production Deductions Finalized In Period —  (0.02) —  (0.02)
Income Tax Effect Related To Reconciling Items (0.01) (0.03) (0.12) (0.09)
Non-GAAP Diluted Earnings Per Share from Continuing Operations $ 1.36  $ 1.28  $ 3.45  $ 2.70 
Operating Income
GAAP Operating Income $ 47,636  $ 37,139  $ 114,934  $ 76,744 
Restructuring Expenses 782  3,023  2,037  5,774 
Acquisition & Integration Expenses 299  (1,007) 8,346  1,404  Last Twelve Months Ended
Other Income, Net (12) —  (319) (5) September 30, Year Ended
Non-GAAP Operating Income $ 48,705  $ 39,155  $ 124,998  $ 83,917  2025 2024 December 31, 2024
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 41,976  $ 36,123  $ 97,341  $ 73,927  $ 97,403  $ 80,920  $ 73,989 
Depreciation and Amortization 11,201  7,389  32,393  22,008  41,798  29,569  31,413 
Interest Expense 7,394  3,145  23,450  7,964  28,998  10,485  13,512 
     EBITDA 60,571  46,657  153,184  103,899  168,199  120,974  118,914 
Restructuring Expenses 782  3,023  2,037  5,774  3,931  7,033  7,668 
Acquisition & Integration Expenses 299  (1,007) 8,346  1,404  20,418  1,404  13,476 
Special Items 1,081  2,016  10,383  7,178  24,349  8,437  21,144 
EBITDA without Special Items $ 61,652  $ 48,673  $ 163,567  $ 111,077  $ 192,548  $ 129,411  $ 140,058 
Management believes that Non-GAAP earnings from continuing operations and Non-GAAP diluted earnings per share from continuing operations which are attributable to SMP, and Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.
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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Three Months Ended September 30, 2025
(In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
Operating Income
GAAP Operating Income $ 15,135 $ 26,734 $ 10,811 $ 4,055 $ (9,099) $ 47,636
Restructuring Expenses 735 1 — 46 —  782
Acquisition & Integration Expenses — — 44 — 255  299
Other (Income) Expense, Net 19 15 (45) (1) —  (12)
Non-GAAP Operating Income $ 15,889 $ 26,750 $ 10,810 $ 4,100 $ (8,844) $ 48,705
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 14,253 $ 27,123 $ 5,540 $ 4,239 $ (9,179) $ 41,976
Depreciation and Amortization 4,174 785 3,333 2,574 335  11,201
Interest Expense 1,267 587 5,322 515 (297) 7,394
EBITDA 19,694 28,495 14,195 7,328 (9,141) 60,571
Restructuring Expenses 735 1 — 46 —  782
Acquisition & Integration Expenses — — 44 — 255  299
Special Items 735 1 44 46 255  1,081
EBITDA without Special Items $ 20,429 $ 28,496 $ 14,239 $ 7,374  $ (8,886) $ 61,652
% of Net Sales 10.3  % 19.7  % 16.8  % 10.2  % 12.4  %
Three Months Ended September 30, 2024
(In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
Operating Income
GAAP Operating Income $ 21,029 $ 16,074 $ —  $ 5,010 $ (4,974) $ 37,139
Restructuring Expenses 1,602 373 —  257 791  3,023
Acquisition & Integration Expenses — — —  — (1,007) (1,007)
Other Income, Net — — —  — —  —
Non-GAAP Operating Income $ 22,631 $ 16,447 $ —  $ 5,267 $ (5,190) $ 39,155
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 18,844 $ 16,530 $ —  $ 5,607 $ (4,858) $ 36,123
Depreciation And Amortization 3,850 802 —  2,308 429  7,389
Interest Expense 2,166 791 —  434 (246) 3,145
EBITDA 24,860 18,123 —  8,349 (4,675) 46,657
Restructuring Expenses 1,602 373 —  257 791  3,023
Acquisition & Integration Expenses — — —  — (1,007) (1,007)
Special Items 1,602 373 —  257 (216) 2,016
EBITDA without Special Items $ 26,462 $ 18,496  $ —  $ 8,606 $ (4,891) $ 48,673
% of Net Sales 13.2  % 14.7  % 11.9  % 12.2  %
Management believes that Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.


11

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Nine Months Ended September 30, 2025
(In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
Operating Income
GAAP Operating Income $ 49,457 $ 54,170 $ 23,432 $ 11,185 $ (23,310) $ 114,934
Restructuring Expenses 1,740 190 — 105 2  2,037
Acquisition & Integration Expenses — — 7,877 — 469  8,346
Other (Income) Expense, Net 102 (312) (85) (24) —  (319)
Non-GAAP Operating Income $ 51,299 $ 54,048 $ 31,224 $ 11,266 $ (22,839) $ 124,998
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 46,748 $ 54,673 $ 8,042 $ 11,658 $ (23,780) $ 97,341
Depreciation and Amortization 11,913 2,347 9,645 7,501 987  32,393
Interest Expense 3,820 1,888 16,455 1,517 (230) 23,450
EBITDA 62,481 58,908 34,142 20,676 (23,023) 153,184
Restructuring Expenses 1,740 190 — 105 2  2,037
Acquisition & Integration Expenses — — 7,877 — 469  8,346
Special Items 1,740 190 7,877 105 471  10,383
EBITDA without Special Items $ 64,221 $ 59,098 $ 42,019 $ 20,781  $ (22,552) $ 163,567
% of Net Sales 10.9  % 16.2  % 17.4  % 10.0  % 11.6  %
Nine Months Ended September 30, 2024
(In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
Operating Income
GAAP Operating Income $ 51,685 $ 31,302 $ —  $ 13,054 $ (19,297) $ 76,744
Restructuring Expenses 2,712 678 —  654 1,730  5,774
Acquisition & Integration Expenses — — —  — 1,404  1,404
Other Income, Net — — —  (5) —  (5)
Non-GAAP Operating Income $ 54,397 $ 31,980 $ —  $ 13,703 $ (16,163) $ 83,917
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 46,226 $ 32,396 $ —  $ 14,482 $ (19,177) $ 73,927
Depreciation And Amortization 10,981 2,480 —  7,240 1,307  22,008
Interest Expense 5,492 2,048 —  1,804 (1,380) 7,964
EBITDA 62,699 36,924 —  23,526 (19,250) 103,899
Restructuring Expenses 2,712 678 —  654 1,730  5,774
Acquisition & Integration Expenses — — —  — 1,404  1,404
Special Items 2,712 678 —  654 3,134  7,178
EBITDA without Special Items $ 65,411 $ 37,602  $ —  $ 24,180 $ (16,116) $ 111,077
% of Net Sales 11.4  % 11.7  % —  % 10.8  % 9.9  %
Management believes that Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.
12

Standard Motor Products, Inc.
Condensed Consolidated Balance Sheets
(In thousands) September 2025 September 2024 December 2024
Unaudited Unaudited
ASSETS
Cash $ 87,201  $ 26,348  $ 44,426 
Accounts Receivable, Gross 304,599  225,827  216,191 
Allowance For Expected Credit Losses 8,370  8,697  5,472 
Accounts Receivable, Net 296,229  217,130  210,719 
Inventories 656,777  503,015  624,913 
Unreturned Customer Inventory 20,052  17,843  16,163 
Other Current Assets 23,467  28,873  25,703 
Total Current Assets 1,083,726  793,209  921,924 
Property, Plant And Equipment, Net 187,333  138,490  168,735 
Operating Lease Right-of-use Assets 107,789  96,039  109,899 
Goodwill 256,152  134,725  241,418 
Customer Relationships Intangibles, Net 216,480 —  210,430 
Other Intangibles, Net 98,688  85,837  90,540 
Deferred Income Taxes 19,611  45,315  13,199 
Investment In Unconsolidated Affiliates 25,445  23,914  24,842 
Other Assets 32,315  33,012  33,139 
Total Assets $ 2,027,539  $ 1,350,541  $ 1,814,126 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Portion Of Revolving Credit Facility $ 30,000  $ —  $ 10,800 
Current Portion Of Term Loan And Other Debt 20,839  2,685  16,317 
Accounts Payable 178,295  112,404  148,009 
Accrued Customer Returns 83,036  62,326  46,471 
Accrued Core Liability 12,418  15,226  12,807 
Accrued Rebates 83,694  53,163  76,168 
Payroll And Commissions 47,059  37,050  40,964 
Sundry Payables And Accrued Expenses 98,771  69,666  84,936 
Total Current Liabilities 554,112  352,520  436,472 
Long-term Debt 538,639  140,163  535,197 
Noncurrent Operating Lease Liabilities 96,180  86,259  98,214 
Accrued Asbestos Liabilities 115,042  89,544  84,568 
Other Liabilities 31,434  28,611  29,593 
Total Liabilities 1,335,407  697,097  1,184,044 
Total SMP Stockholders' Equity 677,412  638,833  615,745 
Noncontrolling Interest 14,720  14,611  14,337 
Total Stockholders' Equity 692,132  653,444  630,082 
Total Liabilities And Stockholders' Equity $ 2,027,539  $ 1,350,541  $ 1,814,126 
13

Standard Motor Products, Inc.
Condensed Consolidated Statements of Cash Flows
Nine Months Ended
September 30,
(In thousands, unaudited) 2025 2024
Cash Flows From Operating Activities
Net Earnings $ 34,105  $ 30,482 
Adjustments To Reconcile Net Earnings To Net Cash Used In Operating Activities:
Depreciation And Amortization 32,393  22,008 
Loss From Discontinued Operations, Net Of Taxes 36,369  24,727 
Other 9,526  4,473 
Change In Assets And Liabilities:
Accounts Receivable (78,691) (59,040)
Inventory (22,777) 2,895 
Accounts Payable 22,431  4,487 
Prepaid Expenses And Other Current Assets 3,403  (2,739)
Sundry Payables And Accrued Expenses 46,211  45,470 
Other 2,711  5,437 
Net Cash Provided by Operating Activities 85,681  78,200 
Cash Flows From Investing Activities
Capital Expenditures (29,334) (34,136)
Other Investing Activities 3,043  18 
Net Cash Used in Investing Activities (26,291) (34,118)
Cash Flows From Financing Activities
Net Change In Debt (1,161) (13,422)
Purchase Of Treasury Stock —  (10,409)
Dividends Paid (20,408) (19,004)
Payments Of Debt Issuance Costs —  (4,183)
Other Financing Activities 1,207  (651)
Net Cash Used in Financing Activities (20,362) (47,669)
Effect Of Exchange Rate Changes On Cash 3,747  (2,591)
Net Increase (Decrease) In Cash 42,775  (6,178)
Cash At Beginning Of Period 44,426  32,526 
Cash At End Of Period $ 87,201  $ 26,348 
14